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Article: South Loop makes reality of new city
- Article from:
- Chicago Sun-Times
- Article date:
- August 14, 1988
- Author:
CopyrightCopyright (null) Chicago Sun-Times. (Hide copyright information)
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Five years ago, the South Loop was defined by two burgeoning
areas: Printers Row, in the process of revitalization, and Dearborn
Park, a condo community just south of Dearborn Station.
Despite recession and high interest rates, these neighborhoods
began to flourish and the entire South Loop began to bloom.
The 3 million-square-foot Board of Trade expansion and One
Financial Place, home of the Chicago Board Options Exchange and
Midwest Stock Exchange, brought upscale jobs to the area. That
growth, and the area's proximity to downtown, created a demand for
housing.
In the last five years, the South Loop population has nearly
tripled to 10,000. Private capital investment also has ...